LiveMore Capital has expanded its product range with a new capital and interest (C&I) mortgage for borrowers aged 50 to 85.

The new C&I mortgage has five- and 10-year fixed rate options with loan terms from five up to 35 years and a maximum loan-to-value (LTV) of 85%.

The lender’s research found that 62% of customers want to be left with as much equity in their homes as possible.

It suggests that its younger borrowers between 50 and 65 years old would welcome a C&I option but there is also demand from those aged over 65. 

LiveMore Capital head of intermediary sales Phil Quinn says: “We always intended to expand our product range to include C&I and are excited that we can now launch into this new area of lending for us.”

“Like our interest-only products, the C&I mortgage is available to borrowers with a range of criteria, including allowing for historical credit history and unusual property construction.”